How to Process PAAR in Nigeria |Bowagate Global Limited
PAAR saves you from unwanted stress with Port Agencies in Nigeria Port.
With the Following shipping guidelines, you will find out the meaning of
PAAR, How to Process PAAR, How long it takes in processing, and Nigeria Customs
Import duty.
WHAT IS PAAR?
PAAR stands for Pre-Arrival
Assessment Report. A valid PAAR report approved by Nigeria Custom Service (NCS)
is required to clear goods entering Nigeria. Upon reception of final documents,
the commercial bank having opened the Form M will complete on line an
electronic PAAR Consignment form and will submit it to Nigeria Custom Service (NCS)
via the Nigeria Single Window Trade Portal, together with scanned copies of
final documents.
PAAR PROCESSING:
1. The Nigeria Custom Service (NCS) receives the E-Form M with other necessary
pre-import documents from the Authorized Dealer Bank and carries out
preliminary preview using the information provided.
2. The E-Form M where accepted
is registered on the system by the Nigeria Custom Service (NCS)
3. Final import documents are sent by the Authorized Dealer Bank to
the Nigeria Custom Service (NCS). The documents referred to are:
·
The final invoice
·
CCVO (Combined Certificate of Value and Origin).
·
Transport Document (Bill of Lading/AirwayBill/Roadway Bill)
·
Packing List
4. Nigeria
Custom Service (NCS) generate the PAAR
5. The
PAAR, the Final Invoice, the Bill of Lading (with other final documents) in
addition to the regulatory documents, e.g. the SONCAP Certificate (where the
item is SON regulated), are used in the clearance of goods at any Nigerian
port.
HOW LONG WILL IT TAKE TO PROCESS PRE
ARRIVAL ASSESSMENT REPORT (PAAR)? It does not take much time
to process PAAR, provided you have all the documents required.
Nigeria Custom Import duty & other
taxes
Import duty and taxes
are due when importing goods into Nigeria whether by a private individual or a
commercial entity. The valuation method is CIF (Cost, Insurance and
Freight), which means that the import duty and taxes payable are calculated on the
complete shipping value, which includes the cost of the imported goods, the
cost of freight, and the cost of insurance. In addition to duty, imports are
subject to sales tax and other taxes specific to certain commodities such as
excise, sugar levy, rice levy, cigarettes levy, and automotive levy.
Duty Rates
Duty rates in Nigeria vary from 0% to
35%, with the average duty rate at 16.96%. Some products can be imported
free of duty (e.g. books).
Sales Tax
VAT is levied on imports at a standard
rate of 5% on the sum of the CIF value, duty, and excise and other taxes if
applicable.
Minimum Thresholds: There is no minimum
threshold in Nigeria. Therefore, imports are subject to duty and taxes
regardless of their value.
About us: Bowagate Global Limited is a
professional Freight forwarder specializes in Air & Sea shipping, Customs
clearing and cargo delivery from and to Nigeria for Packages, Item, Equipment,
Machines, Raw materials, Dangerous goods, Personal effects, trucks and Cars.
Call 08147068472,08186078330 for PAAR Processing in Nigeria.
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